New York, NY – April 13, 2021 – Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented Boustead Securities, LLC (“Boustead”) in the $15 million initial public offering and Nasdaq listing of UTime Limited, a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally. 3,750,000 shares were sold to the public at a price of $4.00 per ordinary share. UTime’s ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “UTME” on April 8, 2021.
Boustead acted as the lead underwriter for the offering, with Brilliant Norton Securities Company Limited and Fosun Hani Securities Limited serving as co-underwriters.
The Ortoli Rosenstadt LLP team included Partners William Rosenstadt and Jason Ye, Counsels Yarona L. Yieh and Tim Dockery, Associates Grace Bai and Sophie Sang.